All bidding and lease sale on BLM parcels listed on this website shall be subject to the statutes, administrative rules and regulations of the BLM per the authority of the Mineral Leasing Act of 1920 as amended and the Mineral Leasing Act for Acquired Lands of 1947, as amended.

A lease issued as a result of this sale will have a primary term of 10 years. It will continue beyond its primary term as long as oil or gas in paying quantities is produced on or for the benefit of the lease. Advance rental at $1.50 per acre for the first 5 years ($2 per acre after that) is due on or before the anniversary date each year until production begins. Once a lease is producing, you must pay a royalty of 12.5 percent of the value or the amount of production removed or sold from the lease. You will find other lease terms on our standard lease form (Form 3100-11, October 2008).

Lease Stipulations

Stipulations are part of the lease and supersede any inconsistent provisions of the lease form. Some parcels are subject to surface use stipulations.
They are requirements or restrictions on how you conduct operations.
They become part of the lease and supersede any inconsistent provisions in the lease form. See Sale Notice for stipulation details.

After all auctions have closed, the successful bidder will be notified via email with closing instructions, including total amount due.

On the day of the sale, you must pay at least the minimum bonus bid of $2 per acre or fraction of an acre; the first year's advance rental of $1.50 per acre or fraction of an acre; and a non-refundable administrative fee of $165, to the BLM State Office by the close of business.

Buyer Premium

A 1.5% Buyer Premium, calculated as 1.5% of the total bonus, will be added to the cost of this lease.

Member FINRA. Investments in oil and gas properties involve substantial risk including the possible loss of principal. These risks include, among others, commodity price fluctuations and unforeseen events that may affect oil and gas property values in addition to risks associated with each specific investment. The information included herein is intended to introduce information for independent review and analysis by sophisticated, institutional investors who are engaged in the oil and gas business, and can identify the analyze independently the inherent risks and speculative nature associated with valuing, purchasing, drilling, producing, and operating oil and gas assets. Importantly, EnergyNet may not have independently verified and/or updated information listed herein and may have limited the information included here. Thus, the information may not be complete or up to date and must not be relied upon because each buyer must independently collect, verify, and analyze the information relevant to its purchase decisions.

Certain information included here, including maps associated with listed assets, has been provided to EnergyNet by the seller of the subject asset or has been created based on information provided by the seller. That information may not be complete and has not been verified by EnergyNet. For example, for the maps included herein all dry holes and plugged & abandoned wells have been removed from the maps, in addition to the removal of wells that have been shut-in or temporarily abandoned for more than five (5) years. Again, the information contained herein is only being shared if you wish to use it in making your own evaluations of the properties and does not purport to contain all of the information that a prospective purchaser may need or desire. All of the material included herein is for informational purposes only and may not have been prepared for or be suitable for legal, engineering, or surveying purposes.

Nothing herein shall be construed as giving legal, financial, or other advice of any kind. EnergyNet does not engage in the recommendation of any particular investment(s) to its customers. The information nor the formatting of the information is not intended to, and does not, indicate that one investment is more or less appropriate for any particular customer or the customer's investment goals and profile.